Space Investments and the UK Economy

The “Spillovers in the space sector report” was carried out by London Economics on behalf of the UK Space Agency. This report reviews the evidence of spillovers in the space industry and assesses the impact of several programmes that have received Agency funding.

The demanding environment of space means that investments in space generate new knowledge and innovations that extend far beyond the space industry. For example, satellites provide services that enable a wide range of economic activities, supporting industries worth £300 billion to the UK.

The report looks at a number of programmes, including:

Synergistic Air-Breathing Rocket Engine (SABRE)
The UK government committed £60 million of funding to support the development of Reaction Engine’s unique SABRE concept. This is underpinned by a pre-cooler heat exchanger that can cool an incoming stream of air from 1000 °C to – 150 °C in one hundredth of a second. This heat exchanger has applications in a number of markets that also have extreme thermal management needs. Examples include: pre-cooling technology for high-performance automotive; industrial heat recuperation; battery cooling systems; and cooling systems for power stations.

ExoMars
A mission to search for life on Mars, with the UK leading the build of the ‘Rosalind Franklin’ Mars rover. The project developed advanced welding techniques that are now being used to manufacture aluminium cans, saving 12% on raw materials, or £100m in total.

Potential spilllovers include the development of buggies for airport transport which could contribute £10m to UK GDP and navigation sensors in areas with no access to satellite positioning and navigation technologies, which could contribute £7.2m to UK GDP.

Read More at Gov.uk

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